Reported 6 days ago
The International Longshoremen's Association has initiated a strike, the first in 47 years, at East and Gulf Coast ports, posing a potential $5 billion daily cost to the U.S. economy. Key issues in the negotiations include wages, health benefits, and automation. With significant portions of U.S. imports processed through these ports, the strike raises concerns over supply chain disruptions. While immediate effects on consumers are minimal due to shippers’ contingency plans, the long-term impact could vary drastically depending on the strike's duration.
Source: YAHOO